Approach Resources Company Profile (NASDAQ:AREX)

About Approach Resources (NASDAQ:AREX)

Approach Resources logoApproach Resources Inc. is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves in the Midland Basin of the greater Permian Basin in West Texas. The Company's business segment is the exploration and production of oil, natural gas liquids (NGLs) and natural gas. The Company's assets cover an area of approximately 126,000 net acres. Its proved reserves are approximately 166.6 million barrels of oil equivalent. The Company's proved reserves are primarily located in Crockett and Schleicher Counties, Texas. The Company's Permian Basin acreage is known as the Project Pangea. The Company owns and operates approximately 800 producing oil and gas wells in the Permian Basin. The Company, through a joint venture with EnCana Oil & Gas (USA) Inc., holds interests in the approximately 3,000 gross acre project in Limestone and Robertson Counties, Texas, in the East Texas Cotton Valley trend.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NASDAQ:AREX
  • CUSIP: 03834A10
  • Web: www.approachresources.com
Capitalization:
  • Market Cap: $194.33 million
  • Outstanding Shares: 70,409,000
Average Prices:
  • 50 Day Moving Avg: $2.51
  • 200 Day Moving Avg: $2.91
  • 52 Week Range: $1.35 - $4.35
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -12.00
  • P/E Growth: -2.21
Sales & Book Value:
  • Annual Revenue: $99.04 million
  • Price / Sales: 1.96
  • Book Value: $7.93 per share
  • Price / Book: 0.35
Profitability:
  • EBIDTA: $39.48 million
  • Net Margins: -49.87%
  • Return on Equity: -6.45%
  • Return on Assets: -3.31%
Debt:
  • Debt-to-Equity Ratio: 0.87%
  • Current Ratio: 0.49%
  • Quick Ratio: 0.49%
Misc:
  • Average Volume: 975,884 shs.
  • Beta: 2.82
  • Short Ratio: 10.3
 

Frequently Asked Questions for Approach Resources (NASDAQ:AREX)

What is Approach Resources' stock symbol?

Approach Resources trades on the NASDAQ under the ticker symbol "AREX."

How were Approach Resources' earnings last quarter?

Approach Resources Inc. (NASDAQ:AREX) issued its earnings results on Thursday, May, 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.00. The business earned $26.40 million during the quarter, compared to analysts' expectations of $25.96 million. Approach Resources had a negative return on equity of 6.45% and a negative net margin of 49.87%. Approach Resources's quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) EPS. View Approach Resources' Earnings History.

When will Approach Resources make its next earnings announcement?

Approach Resources is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Approach Resources.

Where is Approach Resources' stock going? Where will Approach Resources' stock price be in 2017?

5 brokers have issued 12-month price targets for Approach Resources' shares. Their predictions range from $3.25 to $5.50. On average, they expect Approach Resources' share price to reach $4.06 in the next year. View Analyst Ratings for Approach Resources.

What are analysts saying about Approach Resources stock?

Here are some recent quotes from research analysts about Approach Resources stock:

  • 1. According to Zacks Investment Research, "Approach Resources Inc. is an independent energy company engaged in the exploration, development, exploitation, production and acquisition of unconventional natural gas and oil properties onshore in the United States and Western Canada. The Company focuses its growth efforts primarily on finding and developing natural gas reserves in known tight gas sands and shale areas. The Company currently operates in Texas, New Mexico and Kentucky and has a non-operating interest in Western Canada. " (5/19/2017)
  • 2. KLR Group analysts commented, "We are decreasing our target price $0.25 to $4 following numerous model refinements including higher operating expenses and lower natural gas price realizations partly offset by an improvement in capital productivity (now modeling wells recover ~675 Mboe, up from ~650 Mboe previously) and higher NGL price realizations. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. Approach generates a '19 capital yield of ~130% vs. the industry median of ~145%." (3/14/2017)

Are investors shorting Approach Resources?

Approach Resources saw a decrease in short interest in April. As of April 13th, there was short interest totalling 9,342,034 shares, a decrease of 6.5% from the March 31st total of 9,986,791 shares. Based on an average daily volume of 763,760 shares, the short-interest ratio is presently 12.2 days.

Who are some of Approach Resources' key competitors?

Who owns Approach Resources stock?

Approach Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include WILKS BROTHERS, LLC (46.24%), First Manhattan Co. (9.21%), Vanguard Group Inc. (0.00%), California Public Employees Retirement System (0.00%), Marathon Asset Management LP (1.66%) and Boston Partners (2.89%). Company insiders that own Approach Resources stock include Vean J Gregg III and Wilks Brothers, Llc. View Institutional Ownership Trends for Approach Resources.

Who sold Approach Resources stock? Who is selling Approach Resources stock?

Approach Resources' stock was sold by a variety of institutional investors in the last quarter, including Schneider Capital Management Corp, California Public Employees Retirement System, Acadian Asset Management LLC, Russell Investments Group Ltd., Oppenheimer & Co. Inc. and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Approach Resources.

Who bought Approach Resources stock? Who is buying Approach Resources stock?

Approach Resources' stock was purchased by a variety of institutional investors in the last quarter, including First Manhattan Co., Goldman Sachs Group Inc., United Services Automobile Association, Boston Partners, Spark Investment Management LLC, Vanguard Group Inc., Columbia Pacific Advisors LLC and KBC Group NV. Company insiders that have bought Approach Resources stock in the last two years include Vean J Gregg III and Wilks Brothers, Llc. View Insider Buying and Selling for Approach Resources.

How do I buy Approach Resources stock?

Shares of Approach Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Approach Resources stock cost?

One share of Approach Resources stock can currently be purchased for approximately $2.76.

Analyst Ratings

Consensus Ratings for Approach Resources (NASDAQ:AREX) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $4.06 (47.19% upside)

Analysts' Ratings History for Approach Resources (NASDAQ:AREX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/16/2017ScotiabankReiterated RatingHold$3.25HighView Rating Details
3/14/2017KLR GroupReiterated RatingBuy$4.25 -> $4.00LowView Rating Details
2/16/2017Seaport Global SecuritiesReiterated RatingNeutral$3.50N/AView Rating Details
10/26/2016SunTrust Banks, Inc.UpgradeReduce -> HoldN/AView Rating Details
10/26/2016WunderlichUpgradeHold -> Buy$4.00 -> $5.50N/AView Rating Details
2/5/2016Robert W. BairdLower Price Target$3.00 -> $1.00N/AView Rating Details
1/26/2016Clarkson CapitalDowngradeNeutral -> SellN/AView Rating Details
9/9/2015MacquarieDowngradeOutperform -> Neutral$5.50 -> $3.00N/AView Rating Details
8/27/2015Sterne Agee CRTReiterated RatingUnderperform$2.00 -> $1.00N/AView Rating Details
8/14/2015Howard WeilLower Price Target$8.00 -> $4.00N/AView Rating Details
8/7/2015Northland SecuritiesLower Price TargetMarket Perform$8.00 -> $3.00N/AView Rating Details
8/7/2015Royal Bank of CanadaLower Price TargetOutperform$10.00 -> $9.00N/AView Rating Details
8/6/2015BMO Capital MarketsLower Price TargetMarket Perform$7.50 -> $3.50N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Approach Resources (NASDAQ:AREX)
Earnings by Quarter for Approach Resources (NASDAQ:AREX)
Earnings History by Quarter for Approach Resources (NASDAQ:AREX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017        
5/4/2017Q1 2017($0.11)($0.11)$25.96 million$26.40 millionViewListenView Earnings Details
3/9/2017Q4 2016($0.19)($0.27)$26.04 million$26.51 millionViewListenView Earnings Details
11/2/2016Q316($0.24)($0.23)$24.80 million$23.70 millionViewListenView Earnings Details
8/3/2016Q216($0.27)($0.25)$22.27 million$22.43 millionViewN/AView Earnings Details
5/4/2016Q116($0.32)($0.32)$22.33 million$17.60 millionViewN/AView Earnings Details
3/3/2016Q415($0.17)($0.12)$36.61 million$25.50 millionViewN/AView Earnings Details
11/4/2015Q315($0.16)($0.14)$41.78 million$33.94 millionViewN/AView Earnings Details
8/5/2015Q215($0.07)($0.07)$45.76 million$38.61 millionViewN/AView Earnings Details
5/6/2015Q115($0.02)($0.03)$7.60 million$33.30 millionViewN/AView Earnings Details
11/5/2014Q314$0.22$0.27$70.54 million$68.10 millionViewN/AView Earnings Details
8/4/2014Q214$0.23$0.22$66.06 million$73.41 millionViewN/AView Earnings Details
5/8/2014Q114$0.21$0.17$59.95 million$61.93 millionViewN/AView Earnings Details
2/24/2014Q413$0.15$0.20$56.97 million$58.60 millionViewN/AView Earnings Details
11/8/2013Q313$0.07$0.07$46.03 million$44.20 millionViewListenView Earnings Details
8/1/2013Q2 2013$0.06$0.13$41.70 million$42.30 millionViewListenView Earnings Details
5/2/2013Q1 2013$0.01$0.06$36.98 million$36.27 millionViewListenView Earnings Details
2/21/2013Q4 2012($0.02)$35.53 million$35.31 millionViewListenView Earnings Details
11/5/2012$0.05$0.01$33.12 million$33.04 millionViewN/AView Earnings Details
5/3/2012$0.18$0.10ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Approach Resources (NASDAQ:AREX)
2017 EPS Consensus Estimate: ($0.37)
2018 EPS Consensus Estimate: ($0.08)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173($0.23)$0.02($0.11)
Q2 20173($0.21)($0.02)($0.10)
Q3 20173($0.20)($0.01)($0.09)
Q4 20173($0.19)($0.01)($0.08)
Q1 20182($0.06)($0.02)($0.04)
Q2 20181($0.02)($0.02)($0.02)
Q3 20181($0.01)($0.01)($0.01)
Q4 20181($0.01)($0.01)($0.01)
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Approach Resources (NASDAQ:AREX)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Approach Resources (NASDAQ:AREX)
Insider Ownership Percentage: 7.80%
Institutional Ownership Percentage: 49.46%
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Institutional Ownership by Quarter for Approach Resources (NASDAQ:AREX)
Insider Trades by Quarter for Approach Resources (NASDAQ:AREX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/19/2017Wilks Brothers, LlcInsiderBuy150,000$2.89$433,500.00View SEC Filing  
5/16/2017Wilks Brothers, LlcInsiderBuy150,000$3.03$454,500.00View SEC Filing  
5/15/2017Wilks Brothers, LlcInsiderBuy150,000$2.97$445,500.00View SEC Filing  
5/10/2017Vean J Gregg IIIDirectorBuy10,000$3.00$30,000.00View SEC Filing  
5/10/2017Wilks Brothers, LlcInsiderBuy200,000$2.81$562,000.00View SEC Filing  
11/13/2014Vean J Gregg IIIDirectorBuy10,000$11.88$118,800.00View SEC Filing  
11/10/2014Sheldon B LubarDirectorBuy10,000$10.61$106,100.00View SEC Filing  
11/1/2013J. Ross CraftCEOSell2,500$28.06$70,150.00View SEC Filing  
10/4/2013J. Ross CraftCEOSell6,672$30.00$200,160.00View SEC Filing  
10/4/2013Ralph ManoushagianEVPSell2,888$30.00$86,640.00View SEC Filing  
10/4/2013Steven SmartCFOSell3,400$30.00$102,000.00View SEC Filing  
8/1/2013J Curtis HendersonEVPSell10,000$28.00$280,000.00View SEC Filing  
8/1/2013J. Ross CraftCEOSell5,000$28.00$140,000.00View SEC Filing  
8/1/2013Steven SmartCFOSell1,700$28.00$47,600.00View SEC Filing  
7/15/2013J. Ross CraftCEOSell9,000$25.97$233,730.00View SEC Filing  
6/12/2013Ralph P ManoushagianEVPSell6,000$24.76$148,560.00View SEC Filing  
6/12/2013Steven P SmartCFOSell5,000$24.78$123,900.00View SEC Filing  
9/13/2012Ralph P ManoushagianEVPSell2,166$34.00$73,644.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Approach Resources (NASDAQ:AREX)
Latest Headlines for Approach Resources (NASDAQ:AREX)
Source:
DateHeadline
americanbankingnews.com logoQ2 2018 Earnings Estimate for Approach Resources Inc. (AREX) Issued By KeyCorp
www.americanbankingnews.com - May 24 at 11:32 AM
americanbankingnews.com logoInsider Buying: Approach Resources Inc. (AREX) Insider Purchases 150,000 Shares of Stock
www.americanbankingnews.com - May 22 at 7:46 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : May 22, 2017
finance.yahoo.com - May 22 at 3:37 PM
finance.yahoo.com logo5 Zombie Stocks Coming Back From the Dead
finance.yahoo.com - May 20 at 3:41 PM
americanbankingnews.com logoZacks Investment Research Lowers Approach Resources Inc. (AREX) to Sell
www.americanbankingnews.com - May 19 at 5:20 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - May 19 at 10:50 AM
americanbankingnews.com logoWilks Brothers, Llc Purchases 150,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 17 at 10:50 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Stock Rating Reaffirmed by Scotiabank
www.americanbankingnews.com - May 16 at 9:32 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Insider Wilks Brothers, Llc Purchases 150,000 Shares
www.americanbankingnews.com - May 16 at 10:26 AM
americanbankingnews.com logoWilks Brothers, Llc Purchases 200,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 11 at 10:15 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : May 11, 2017
finance.yahoo.com - May 11 at 9:04 PM
americanbankingnews.com logoVean J. Gregg III Buys 10,000 Shares of Approach Resources Inc. (AREX) Stock
www.americanbankingnews.com - May 11 at 8:48 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Expected to Announce Quarterly Sales of $27.38 Million
www.americanbankingnews.com - May 10 at 10:30 AM
finance.yahoo.com logoApproach Resources, Inc. :AREX-US: Earnings Analysis: Q1, 2017 By the Numbers : May 9, 2017
finance.yahoo.com - May 9 at 3:35 PM
bizjournals.com logoOil and Gas Stocks on Investors' Radar -- Diamondback Energy, Carrizo Oil & Gas, Approach Resources, and Jones Energy
www.bizjournals.com - May 9 at 9:11 AM
americanbankingnews.com logoZacks: Brokerages Expect Approach Resources Inc. (AREX) Will Announce Earnings of -$0.08 Per Share
www.americanbankingnews.com - May 8 at 4:16 PM
finance.yahoo.com logoEdited Transcript of AREX earnings conference call or presentation 5-May-17 2:00pm GMT
finance.yahoo.com - May 8 at 10:51 AM
seekingalpha.com logoApproach Resources Jumps - Seeking Alpha
seekingalpha.com - May 7 at 3:45 PM
seekingalpha.com logoApproach Resources (AREX) CEO Ross Craft on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 1:41 AM
globenewswire.com logoApproach Resources Inc. Reports First Quarter 2017 Results - GlobeNewswire (press release)
globenewswire.com - May 5 at 1:49 AM
americanbankingnews.com logoApproach Resources Inc. (AREX) Announces Earnings Results, Hits Expectations
www.americanbankingnews.com - May 4 at 11:28 PM
finance.yahoo.com logoApproach Resources Inc. Reports First Quarter 2017 Results
finance.yahoo.com - May 4 at 8:48 PM
marketbeat.com logoApproach Resources reports 1Q loss
marketbeat.com - May 4 at 7:38 PM
americanbankingnews.com logoApproach Resources (AREX) Earns Coverage Optimism Score of 0.04
www.americanbankingnews.com - May 3 at 3:04 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Set to Announce Earnings on Thursday
www.americanbankingnews.com - May 2 at 8:26 AM
americanbankingnews.com logoApproach Resources (AREX) Earning Somewhat Positive Media Coverage, Study Finds
www.americanbankingnews.com - April 30 at 1:33 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Short Interest Update
www.americanbankingnews.com - April 29 at 7:51 AM
americanbankingnews.com logoApproach Resources (AREX) Receiving Favorable Media Coverage, Analysis Finds
www.americanbankingnews.com - April 26 at 4:48 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : April 25, 2017
finance.yahoo.com - April 25 at 3:36 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 24 at 3:16 PM
seekingalpha.com logoApproach Resources: What I Think You Should Watch For - Seeking Alpha
seekingalpha.com - April 23 at 3:41 PM
americanbankingnews.com logoApproach Resources (AREX) Earns Daily Media Impact Score of 0.17
www.americanbankingnews.com - April 23 at 10:17 AM
americanbankingnews.com logoBrokers Set Expectations for Approach Resources Inc.'s FY2017 Earnings (AREX)
www.americanbankingnews.com - April 21 at 2:31 PM
americanbankingnews.com logoQ1 2017 EPS Estimates for Approach Resources Inc. (AREX) Lowered by KeyCorp
www.americanbankingnews.com - April 21 at 8:57 AM
americanbankingnews.com logoApproach Resources (AREX) Given Coverage Optimism Score of 0.06
www.americanbankingnews.com - April 20 at 8:26 AM
americanbankingnews.com logo Analysts Expect Approach Resources Inc. (AREX) to Announce -$0.10 Earnings Per Share
www.americanbankingnews.com - April 17 at 6:17 PM
americanbankingnews.com logoVery Positive News Coverage Extremely Likely to Impact Approach Resources (AREX) Share Price
www.americanbankingnews.com - April 16 at 7:58 AM
finance.yahoo.com logoApproach Resources Inc. Schedules First Quarter 2017 Conference Call for Friday, May 5, 2017
finance.yahoo.com - April 13 at 8:47 PM
americanbankingnews.com logoApproach Resources (AREX) Receives Media Sentiment Score of -0.07
www.americanbankingnews.com - April 13 at 1:36 PM
finance.yahoo.com logoETFs with exposure to Approach Resources, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 8:39 PM
seekingalpha.com logoApproach Resources (AREX) Presents At IPAA 23rd Annual Oil & Gas Investment Symposium - Slideshow
seekingalpha.com - April 7 at 3:38 PM
biz.yahoo.com logoAPPROACH RESOURCES INC Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - April 3 at 3:58 PM
americanbankingnews.com logoApproach Resources Inc. Expected to Post Q1 2018 Earnings of ($0.06) Per Share (AREX)
www.americanbankingnews.com - April 3 at 11:00 AM
globenewswire.com logoApproach Resources Inc. to Present at 23rd Annual OGIS Conference - GlobeNewswire (press release)
globenewswire.com - March 30 at 9:05 PM
finance.yahoo.com logoApproach Resources Inc. to Present at 23rd Annual OGIS Conference
finance.yahoo.com - March 30 at 9:05 PM
seekingalpha.com logoApproach Resources (AREX) Presents At Scotia Howard Weil 45th Annual Energy Conference - Slideshow
seekingalpha.com - March 30 at 4:03 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - March 29 at 2:49 PM
americanbankingnews.com logoApproach Resources Inc. (AREX) PT Set at $3.00 by Scotiabank
www.americanbankingnews.com - March 28 at 6:43 PM
seekingalpha.com logoApproach Resouces: Let The Growth Begin
seekingalpha.com - March 22 at 4:07 PM
americanbankingnews.com logoApproach Resources Inc. to Post Q1 2017 Earnings of ($0.08) Per Share, KeyCorp Forecasts (AREX)
www.americanbankingnews.com - March 22 at 9:13 AM

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Chart

Approach Resources (AREX) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff